KYC

While open banking is still to be fully realised in Europe and the US, Singaporean authorities have joined forced to launch a digital infrastructure that offers something similar.

Last week week saw 28 FinTechs close investment deals. Three sectors in particular proved especially successful.

India-based Signzy has added another $3m to its coffers just months after the startup raised $5.4m in a previous round.

Payment processing provider TRAXX Payments has tapped identity verification business Acuant to create a seamless digital know your customer (KYC) process for its clients.

Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.

Business verification platform Detected has secured £600,000 in a funding round led by EmergeVest alongside a smattering of angel investors.

RegTech IDnow has unveiled its new identity verification product AutoIdent Substantial.

Global identity verification and authentication provider Onfido has announced a major shift in its leadership as CEO and co-founder Husayn Kassai is stepping down from his role.

Challenger banks and InsurTech ventures stood out among the 23 FinTech companies that successfully raised money last week.

Having only launched earlier this year, Allica Bank has now picked Sphonic to manage its financial crime fighting efforts